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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (407663)5/20/2003 12:26:16 PM
From: Kenneth E. Phillipps  Read Replies (2) of 769670
 
Buffett posed a hypothetical situation in which Berkshire Hathaway, which does not currently pay a dividend, paid $1 billion in dividends next year.

Through his 31 percent ownership of the company, Buffett said he would receive an additional $310 million in income that would reduce his tax rate from about 30 percent to 3 percent, while his office secretary would still have a tax rate of about 30 percent
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